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Minimum account balance to keep it active?


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Minimum account balance to keep it active?

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  #1 (permalink)
australia
 
Experience: Beginner
Platform: NinjaTrader
Trading: -
 
Posts: 303 since Sep 2010
Thanks: 123 given, 138 received

I will like to keep one of my account alive to use it for charting - (ZenFire/NT) while using another account for trades but I do not want to park my cash there.

Is it possible for me to just have a couple of hundred dollars in the account to keep it active and take out the rest of the fund?

Do most IB require a minimum balance to keep it alive?

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  #3 (permalink)
New York
 
Experience: Intermediate
Platform: Sierra Charts, TOS
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I'm not sure, but that may depend on your broker. My broker has a $1500.00 minimum to keep my account active. On the other hand why don't you just have your broker renew a sim account for you when it expires? Mine does for me, so I have a live account and a sim account on two separate PC's.

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  #4 (permalink)
australia
 
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Platform: NinjaTrader
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Posts: 303 since Sep 2010
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itrade2win View Post
I'm not sure, but that may depend on your broker. My broker has a $1500.00 minimum to keep my account active. On the other hand why don't you just have your broker renew a sim account for you when it expires? Mine does for me, so I have a live account and a sim account on two separate PC's.

Thanks for suggesting but the other account is with another broker. The only reason why I'm keeping the other account is to have access to ZF/NT for the charts which the broker I am using to trade don't provide.

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  #5 (permalink)
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
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Check with your broker because although you may be entitled to the data with an active account you may be charged a service fee every month if the balance is below $500 (Global futures) . Im pretty sure that NT7 has free emini data for ES and some other CME stuff , check with them .

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  #6 (permalink)
New York, NY
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Mirus Futures/Zen-Fire
 
Posts: 45 since Jul 2010
Thanks: 19 given, 27 received


jonc View Post
I will like to keep one of my account alive to use it for charting - (ZenFire/NT) while using another account for trades but I do not want to park my cash there.

Is it possible for me to just have a couple of hundred dollars in the account to keep it active and take out the rest of the fund?

Do most IB require a minimum balance to keep it alive?

Are you with Mirus Futures or some other brokers that use zenfire?

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January 21, 2011


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